Written by Cláudio Afonso | info@claudio-afonso.com
The Company has received a letter of in-principle approval to the listing application from the SEHK on February 28, 2022 (Beijing/Hong Kong Time) for the listing of the Shares on the Main Board of the SEHK. The listing document relating to the proposed secondary listing of the Shares by way of introduction on the Main Board of the SEHK has been published on the website of the SEHK on February 28, 2022 (Beijing/Hong Kong Time). Subject to final listing approval from the SEHK, the Shares are expected to commence trading on the Main Board of the SEHK on March 10, 2022 (Beijing/Hong Kong Time) under the stock code “9866”. The Shares will be traded in board lots of 10 Shares. Upon listing on the Main Board of the SEHK, the Shares listed on the Main Board of the SEHK will be fully fungible with the ADSs listed on the NYSE.
With respect to the proposed secondary listing on the Main Board of the SEHK, Morgan Stanley Asia Limited, Credit Suisse (Hong Kong) Limited and China International Capital Corporation Hong Kong Securities Limited are acting as the joint sponsors. In addition, the Company has appointed Morgan Stanley Hong Kong Securities Limited as the designated securities dealer and China International Capital Corporation Hong Kong Securities Limited as alternate designated securities dealer to carry out bridging and other trading arrangements in good faith and on arm’s length terms with a view to facilitating liquidity to meet demand for our Shares in Hong Kong and to maintain an orderly market for a period of 30 calendar days, commencing from 9:00 a.m. on March 10, 2022 (Beijing/Hong Kong Time).
This press release shall not constitute an offer to sell or the solicitation of an offer or an invitation to buy any securities of the Company, nor shall there be any offer or sale of the securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.
We have arranged with our principal share registrar in the Cayman Islands and the Hong Kong Share Registrar for the removal of a portion of our Class A ordinary shares (which includes Shares underlying our ADSs) from our Cayman share register and transfer to our Hong Kong share register at no additional cost to Shareholders prior to Listing. Please refer to the section headed “Market Arrangements to Facilitate Dealings in Hong Kong” of the listing document for further details.
The company announced today the opening of its new NIO House located in Yueqing Bay, Zhejiang Province in eastern China. The Chinese EV maker has currently 44 Nio Houses across the globe and opened its first European one in September 2021 located in Oslo (Norway) — the country with the highest EV penetration.
“Express the space in an artistic way, integrate the city, environment and nature into the design, perfectly combine the overall style with the surrounding environment and the city, and create a living space full of emotional artistic conception.” — Nio added.
“The concise bar integrates the elements of coffee, wine and NIO Life, making the whole space immediately active and showing a literary style full of emotion. Functionally, the bar is specially set at the corner, so that all NIO users can taste the delicious food prepared here, get satisfaction, happiness and comfort. The overall open space layout not only increases the mobility of the space, but also improves the interaction between users and scenes, realizing the dual enjoyment of vision and taste.”
Nio have been adding NIO Houses always enhancing that they are much more than a showroom for its products. According to Nio, these facilities include a Gallery (to get to know NIO and its products), a Living Room (to relax and meet like-minded people), a Lab (to boost productivity in bookable meeting rooms and shared workspace), a Library (to indulge yourself in knowledge or relaxation), Forums (to spark ideas and inspiration), a “NIO Café” (to savor the signature coffe by Nio’s finest barista), and a Joy Camp (for kids to explore, create and grow).
Last week, NDS (Navigation Data Standard) Association announced the Chinese EV maker Nio as their new member. Martin Schleicher, NDS Chairman, describes Nio as a “strong Asian partner” that has a “future vision”. NDS offers a well-defined spec for how to store map data and it allows flexibility for customized user experiences. Its maps work worldwide and are globally adopted.
“Navigation technology and globally reliable data standards are another field that NIO can advance with its vision and development strength. Therefore, the NDS membership is a great enrichment for the future of this global association of innovation-focused companies and their common goals.” — NDS stated.
Recently, Nio posted 8 new job vacancies in London (England) suggesting that it can be its next European Market after the already announced Sweden, Denmark, Germany and The Netherlands. Nio started selling its ES8 Model in late 2021, in Norway (the country with the highest EV penetration) and is now intensifying its move to the United Kingdom. Nio has currently 11 vacancies for England, eight of them posted during the last 24h on LinkedIn.
Written by Cláudio Afonso | info@claudio-afonso.com